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Evergrande liquidation: What's behind China's biggest corporate fail ever | DW News
Posted
January 29, 2024
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January 29, 2024
349,782
2,852
579
0.98%
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10:19Now PlayingOne of China's largest real estate developers has been ordered to liquidate by a court in Hong Kong. Evergrande is the world's most indebted developer, with more than 270 billion euros worth of liabilities. The order came after efforts to strike a deal with creditors failed. But the liquidation process could be complicated. Numerous authorities are involved and there are political considerations. Liquidation could have a major effect on China's economy and global markets.
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